Where Will TuanChe Ltd (TC) Stock Go Next After It Is Down 2.34% in a Week?

The market has been high on TuanChe Ltd (TC) stock recently. TC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

TuanChe Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TC!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TC Stock Today?

TuanChe Ltd (TC) stock is trading at $2.09 as of 10:22 AM on Tuesday, Jan 30, a decline of -$0.25, or -10.68% from the previous closing price of $2.34. The stock has traded between $2.01 and $2.16 so far today. Volume today is low. So far 41,458 shares have traded compared to average volume of 73,082 shares.

More About TuanChe Ltd

TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, and virtual dealership, online marketing services and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that includes auto dealers, automakers, and automotive service providers. It provides services through its online platform and offline events. Geographically the company generates revenue from the China market. Click Here to get the full Stock Report for TuanChe Ltd stock.